Pony.ai FY2024 Revenue Hits Record High After 3-Yrs Growth

Pony.ai FY2024 Revenue Hits Record High After 3-Yrs Growth PR Newswire GUANGZHOU, China, March 25, 2025 GUANGZHOU, China , March 25, 2025 /PRNewswire/ -- On March 25th, Pony.ai (Nasdaq: PONY) annou


25 mars, 12:04

Pony.ai FY2024 Revenue Hits Record High After 3-Yrs Growth

PR Newswire

GUANGZHOU, China, March 25, 2025

GUANGZHOU, China , March 25, 2025 /PRNewswire/ -- On March 25th, Pony.ai (Nasdaq: PONY) announces unaudited Q4 and FY2024 financial results.

FY total revenue rose to US$75.0 million , up 4.3% from FY2023, largest L4 autonomous mobility company in China by revenue. FY robotaxi service revenue was US$7.3 million , driven by service expansion in tier-1 Chinese cities. Co. expects growth to continue, supported by Gen-7 models deployment. Non-GAAP R&D expenses rose 14% vs 2023 to support Gen-7 robotaxi R&D. Cash and cash equivalents, short-term investments and restricted cash, and long-term debt instruments for wealth management were US$825.1 million as of end-2024. Ample funding to facilitate robotaxi scaling. Firmly promotes "robotaxi first, China first, tier-1 cities first" strategy. Join hands with GAC Aion/BAIC BJEV in Q4 for robotaxi R&D, mass production. To debut 3 Gen-7 robotaxi models in cooperation with Toyota, GAC, BAIC in 2025.PonyWorld, the key tech behind co.'s Virtual Driver capabilities helped improve safety record by 16X; Reduce commercial insurance cost per vehicle to <50% of traditional taxis. CEO James Peng : Eager to execute our mass production roadmap, accelerate beyond the inflection point of scaled commercialization, and build a world where autonomous mobility is safer, more efficient, and accessible than ever before.

Learn more: Pony AI Inc. Announces Unaudited Fourth Quarter and Full Year 2024 Financial Results

Media Contact: media@pony.ai

View original content: https://www.prnewswire.com/news-releases/ponyai-fy2024-revenue-hits-record-high-after-3-yrs-growth-302410530.html

SOURCE Pony.ai

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